Who pays the freight costs when the terms are FOB shipping point?
A) the ultimate customer
B) the buyer
C) the seller
D) either the seller or the buyer
B
You might also like to view...
Christina recommends that the organization invest in creating a strong brand image so consumers will be willing to pay more for its product than they are willing to pay for its competitor’s product. Christina is recommending the ______ strategy.
A. branding B. cost leadership C. differentiation D. focus
A gallery sketch is ______.
a. a large sketch plan that indicates all major components of the idea b. a formal business document often required by banks for granting loans c. the same as a feasibility study d. the same as a back-of-the-napkin plan
Grandpa owns a farm. In a signed writing, Grandpa gave Sue the irrevocable right to use a road on his farm so that Sue could more easily reach her own property. What kind of interest in land did Grandpa give to Sue?
a. Easement appurtenant b. Easement by implication c. Reserved easement d. Easement by prescription
The Income Summary account has a credit balance of $20,000 after the revenue and expense accounts have been closed. Which of the following is to be credited to close the Income Summary account?
A) Dividends B) Sales Revenue C) Cost of Goods Sold D) Retained Earnings